#BTC BREAKDOWN ALERT!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
As I mentioned in my previous BTC chart that we need a confirmed breakout or break down with a successful retest now it breaks down this symmetrical triangle and bearish pennant pattern, so we can expect a drop up to the 21k level.
Bulls need to pullback BTC inside the triangle
So let's see how the market reacts in a few hours
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Btcusdtrading
BTCUSDT TREND LINE ANALYSISNice to meet you, everyone
I'm an alt trader
I'm analyzing and recommending things that are similar to my personality among many alt coins
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Bitcoin, which needs careful analysis as much as its body is heavy, needs a lot of lines because it has various movements.
It is currently showing a move that is expected to fall further, failing to break through the white line, which is a sharp downward trend.
The place that should never be broken even if it comes down is the thick red line, the last upward trend.
The reason why it did not draw a sharp upward trend is that when the beat rises, the moving goes up to three to four trend lines, but it is not complicated because it can be seen stably just by raising it above the thick green upward trend.
#BTC: SYMMETRICAL TRIANGLE PATTERN FORMATION!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC UPDATE
BTC is forming this bullish symmetrical triangle pattern in a 1 hour frame currently it is retesting the lower support of this pattern we expect a bounce from there.
We just need to break out this symmetrical triangle pattern.
we can buy BTC with an SL ( CLOSE IF IT’S CLOSE THE CANDLE BELOW THIS LOWER LEVEL)
If it breaks the lower support then the chart will be invalid.
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ARE WE REALLY IN A BEAR MARKET ?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC WEEKLY UPDATE
BTC is forming this ascending channel pattern currently it lying on the support of this dotted line we need to close the weekly candle above this dotted line for being bullish if it breaks then we will see a drop up to the lower support.
let's see how the weekly candle closes
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IS THIS IS A RETEST OF 30K ?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC bounced but it looks like a retest of this 30k level so we have to be careful at this time.
Bulls need to close the daily and weekly candle above this 30k support if it closes above this level then we can expect a conform bounce.
let's see how the daily candle closes
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#BTC: FALLING WEDGE PATTERN FORMATIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC UPDATE
BTC is forming this bullish falling wedge pattern in a daily time frame currently it is on the lower support of this pattern we expect a bounce from there.
we can buy BTC with an SL of 27k.
Let's see how the daily candle closes.
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#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
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#BTC UPDATE
My previous BTC chart has been invalidated currently BTC look like it is going to form this falling wedge pattern so we can retest the 30k level but we have 33k as a local support.
If BTC breaks 30k then the chart will be invalided.
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IS BTC IS GOING TO RETEST THE 30k LEVEL? LONGHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC is forming this W pattern or double bottom currently we have 33.7k as a support we need to close the daily candle abhor this level.
BTC needs to hold this if it will not able to hold the support then it can drop up to 30k and invalid this chart.
This is the last hope from where we can expect a Bounce if it is not able to Bounce then it will drop up to 30k support.
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#BTCUSDT Possible area for bounce!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC is making this big symmetrical triangle pattern and currently, it is losing this lower support.
IMO: Possibly a Liquidation wick is incoming, be careful if you are holding long positions on leverage.
Bulls are likely to get a nice long entry around $35.3k to $35.6k
Let's see how the daily candle closes.
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#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
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#BTC UPDATE
My previous BTC chart has been invalidated, currently it Breakout this big flag pattern.
Now we have 35k to 34.7 as a support BTC needs to hold this if it will not able to hold the support then it can drop up to 30k.
We need to close the daily candle above 34.9k.
This is the last hope from where we can accept Bounce if it is not able to Bounce then it will drop up to 30k support.
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BTC exclusive long term update: must read!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC LONG-TERM UPDATE:
If you look closely at the first cycle and compare it to subsequent cycles, you will find that the beginning of 2021 was great for Bitcoin because it grew by almost 500% in 3 swings.
If you look at the second cycle, the price has risen at first, but later you realize that this is a trading range. In the trading range, there is a difference between the buyer and the seller.
After the failure of the trading range, the price enters a downward trend for a while and falls about 51%. You may think that this is too much and it is no longer possible for the price to return. In fact, this is not the case. It is necessary for the price and health of the market, although this decline did not happen easily,
This was one of the reasons why fear entered the market and the price entered a downward trend
In the third cycle, the price enters an upward trend. Banks and institutions intensively buy. Finally, the price grows by about 130% during the two ascending swings and forms a new ATH. Finally, buyers tend to buy in the range of 60,000 to 68,000. The dollar is completely lost, and organizations and institutions try to save profits and exit their transactions with a profit. Eventually, the price falls and continues to fall for a period of up to $ 33,000.
Buyers see the price range as an opportunity to invest and buy for a short time. The war between Russia and Ukraine has been going on for nearly two months, plunging the entire financial market into fear. Secured assets, such as gold or oil, are why we are seeing them grow these days
In general, I do not see good conditions for risky financial markets. On the other hand, the price is currently moving within a trading range, which is also a sign of the end of the downtrend and the beginning of a new cycle.
If the price wants to move as it did in the past, we should see an increase in the price of bitcoin in the coming days
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#BTCUSDT Possible area for bounce!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC is making this big symmetrical triangle pattern and currently, it looks like it is going to touch the lower support.
IMO: Possibly a Liquidation wick is incoming, be careful if you are holding long positions on leverage.
Bulls are likely to get a nice long entry around $36.5k to $37k
Let's see how the daily candle closes.
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BTCUSDBTC/USD may be about to open its May trading below the 40,000.00 mark. Even if a sudden spurt upwards develops it will have to be strong to create a positive short term outlook for Bitcoin. The biggest and most famous cryptocurrency among the heap still remains ‘champion’, but a return to its bearish trend has likely caused some speculative fatigue among BTC/USD traders.
BTC/USD has stumbled badly in April after beginning the month near a value of 47,400.00. The broad cryptocurrency market has also been overtaken by dark shadows again, and a correlation between the likes of Bitcoin and negative results in the NASDAQ 100 are being seriously discussed, even though they are not proven. Riskier trading assets have certainly seen less speculative buying the past month. The question is when a return of risk appetite, and perhaps even value seekers will start to create upwards momentum.
As of this writing BTC/USD is near the 39,500.00 level and has proven choppy the past few days. A low of nearly 37,660.00 was displayed on the 26th and 27th of April and the last time this value was exhibited was on the 13th of March, yes, essentially when Bitcoin began its two week upwards climb. The high price reached on the 28th of March which drove past the 48,000.00 barrier, led many backers of BTC/USD to potentially believe sunnier days were ahead and the long term bearish trend was dead. This however did not prove to be reality.
Although Bitcoin remains the key asset in the cryptocurrency market it remains under pressure. If the 38,000.00 mark were to prove vulnerable in the short term, this could set off additional fireworks which may ignite further nervous sentiment. The correlation to Bitcoin and the NASDAQ may appear farfetched to many, but a comparison of one year technical charts between BTC/USD and the NASDAQ 100 look eerily similar.
Bitcoin may not be believed as a cornerstone of the financial world by conservative financial institutions or investors, but its trading has mirrored nervousness in the global equity market. The next week of trading is sure to be rather tension packed as investors await the next U.S Federal Reserve interest rate pronouncements. Will BTC/USD be affected?
BTC/USD Outlook for May:
Speculative price range for BTC/USD is 32,100.00 to 50,900.00.
If a speculator wants to pursue more downside price action they should be fully aware that BTC/USD is near important support levels. However, if BTC/USD breaks below the 39,000.00 level and sustains price action below this juncture without technical signals that a reversal is about to occur, further downside could be tested. The 38,500.00 level could be viewed with dangerous suspicion.
BTC/USD has proven in the recent past to stage reversals upwards, when the 38,500.00 vicinity comes into view. Yet, if BTC/USD proves vulnerable and the 38,000.00 mark were to falter, this would certainly set off alarm bells among speculators who may believe lower price action is going to be seen short term. If March lows are broken and the 37,000.00 support level failed, a test of late February prices could be seen.
Speculators who believe BTC/USD will live up to its reputation and provide a strong reversal higher cannot be blamed. However day trading BTC/USD and holding onto Bitcoin as a long term investment are different. Day traders need to choose their leverage and targets carefully. BTC/USD could certainly start to launch upwards and if the 40,000.00 mark is penetrated higher and prices are sustained and a move towards 41,000.00 suddenly erupts, other buyers will be tempted to join the party. A move above the 43,500.00 juncture and a test of 44,000.00 could create additional optimism. BTC/USD can move fast and speculators who are willing to bet on upside may be proven correct, but being able to participate in a real upwards trade instead of merely predicting the move are two distinct beasts.
BTC/USDT : Moving into a falling wedge!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC short and simple UPDATE
BTC is making this falling wedge pattern in a 4hr time frame currently it is looking like it will go restest the lower support.
if it breakout this pattern with confirmation then we can expect a bounce from there or rsi is showing some bullish divergence.
Let's see how the daily candle closes
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BTC 12 HOURS UPDATE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
BTC is making this big symmetrical triangle pattern and currently, it breaks this lower support level we need to close the 12 hours candle close above this lower support.
RSI showing some bullish divergence
If it does not close the 12 hours candle above this support then the cart will be invalidated.
Let's see how the daily candle closes.
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BTC 6 HOURS UPDTE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC UPDATE
As I mentioned in my previous BTC chart that BTC is making this big symmetrical triangle pattern, currently BTC is making this falling wedge pattern inside the symmetrical triangle pattern or we are losing the 40k support.
Here we have two scenarios
First scenario: As we can see BTC is Losing the 40k support but if this 6-hour candle closes above this 40k support then we can accept A Bounce from there.
The second scenario: here if BTC is not able to close the 6-hour candle above the 40k level then we can accept a drop up to 38750k support to make the triple bottom.
Let's see how the 6 hours candle closes
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Btcusd Live Full BreakdownAfter the current market sentiment has Prevented bulls from taking over, we rest at comfortable W/D support. After looking at these areas and seeing small amounts of upside bias, we can plan ahead for what may come.
This could be a larger fall and therefore we need to correctly orchestrate our Trading plans. Watch on to see how to do this.
BTC: LOOKS GOOD TO GO UPSIDE! ALL WE NEED IS?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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BTC UPDATE:
Currently, BTC lying on a downer support level of this big ascending channel pattern or as we can see in the chart that In short a time, BTC is making this descending broadening wedge pattern We need a breakout of this broadening wedge pattern and RSI is showing some bullish diverse move.
If it breakout this lower support of this ascending channel then the chart will be invalid.
let's see how the market reacts in a few hours.
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